Page 28 - bneMagazine March 2023 oil discount

28 I Companies & Markets bne March 2023
In developing the project, eMAG is committed to BREEAM Excellent certification standards for green buildings, to optimise energy consumption and limit greenhouse gas emissions.
"As a leader in business lending in Greece, Alpha Bank's financing of eMAG's first logistics hub project in Central and Eastern Europe reiterates our bank's commitment to finance value-added projects that accelerate the formation of regional players and contribute to supporting sustainable economic growth", said Yannis Emiris, general director wholesale banking of Alpha Bank.
eMAG also announced plans to extend the credit facility made available to its customers to RON8,000-10,000 (€1,600- 2000) from the current RON3,000-4,000 and will extend the
payback period from a maximum of four months now to 12 months, company officials announced. One year after this facility was launched, it has been extended to 1mn customers and some 6% of the sales volume is financed under this instrument.
Under this facility, the products can be purchased either from eMAG or from the sellers active on the marketplace, if the value of the purchase exceeds RON100.
"I think we are close to a percentage of 6% of all sales that are financed through My Wallet. There are over a million people who have credit limits granted at the moment, I think it is
a good area of growth for the future," said Tudor Manea, CEO of eMAG, in an interview.
Croatian government launches price tracking app after euro-adoption price hikes
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Croatian Minister of Economy and Sustainable Development Davor Filipovic presented the Kretanje cijena (Price trends) app to citizens on February 17.
The app gives citizens information about price movements at retailers in the country, an important issue for Croatians following months of high inflation and concerns that some retailers used the country’s adoption of the euro in January as a pretext to hike prices.
The app, launched by the Ministry of Economy and Sustainable Development, is available on mobile phones and other online devices, a ministry statement said.
He added: “All those who sent the data sent a message of transparency, that they have nothing to hide from the public and citizens,”
Three retail chains have been placed on the ministry’s 'white list’, Konzum, Tommy and KTC, that together have a market share of 38%.
According to Filipovic, the three retailers submitted all requested data to the Ministry of Economy and Sustainable Development, namely the prices of around 350 items, whose prices citizens will be able to compare every 15 days.
"The goal is to influence possible price increases and the trend of inflation, because when citizens see who is correct, they will know how to appreciate it," said Filipovic.
He added that additional discussions were held with the retail
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chains that did not submit the prices, but said “it is clear that they do not want to provide the requested information, do not want to be transparent and do not want to enable citizens to have complete information about prices”.
"We have no illusions that we can limit all prices in the country. We are not doing this on a whim, we are not intervening in the market because we want to, but because we live in times
of crisis. And this way will allow citizens to see who is fair and who is not," said Filipovic.
Minister of Economy and Sustainable Development Davor Filipovic launches the Kretanje cijena (Price trends) app. / vlada.gov.hr